Form 4: United Bankshares Director Peter A. Converse Acquires Shares Through Restricted Stock Grant

Director Peter A. Converse acquired 1,904 shares of United Bankshares Inc. through a restricted stock grant that vests in three equal annual installments.

Summary

• Peter A. Converse, a director of United Bankshares Inc., acquired 1,904 shares of common stock on February 20, 2025.
• The acquisition was a result of a restricted stock grant.
• The shares were acquired at a price of $0.0000.
• Following the transaction, Converse beneficially owns 436,673 shares of United Bankshares Inc.
• The restricted stock award vests in three equal annual installments.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of a stock grant. While insider ownership is generally positive, this is part of a compensation package.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future prospects.

Future Outlook

The restricted stock award vests in three equal annual installments, suggesting a continued relationship between the director and the company.

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities. They provide insights into the actions of company insiders, such as directors, and their confidence in the company's stock.

Stakeholder Impact

• The increased ownership by a director could be viewed positively by shareholders.

Key Dates

Keywords

United Bankshares Inc, UBSI, Peter A. Converse, Director, Form 4, Beneficial Ownership, Restricted Stock, Acquisition, Shares, Vesting